The Pi Network emerged as a promising project in the crypto space, attracting millions of users worldwide with its vision of mobile-based cryptocurrency mining. While its initial model generated significant excitement and a strong community, Pi Network now faces several challenges, including limited exchange listings, low liquidity, and minimal real-world adoption. These factors call into question its long-term viability in an ever-competitive crypto market.
Is Pi Coin Struggling to Stay Relevant?
Throughout 2023, Pi Coin has faced mounting challenges as the broader crypto market shifts its focus towards utility-based projects and decentralized finance (DeFi) innovations. The lack of strong fundamentals and clear adoption mechanisms continues to weigh heavily on its sustainability. Despite this, global search interest around Pi Coin remains high, with queries such as “1 Pi to INR” or “1 Pi to PKR in 2025” reflecting both curiosity and hope among supporters.
Currently, Pi Coin experiences intense bearish pressure. October 2023 saw the token hit an all-time low (ATL) of $0.1529. To reverse this downward trend, the market will need a substantial increase in buyer demand. Should this occur, Pi Coin may retest resistance levels of $0.45 and $0.66 in the coming months. Conversely, continued bearish sentiment could lead to even lower prices, deepening concerns about the token’s future in the highly volatile crypto landscape.
Performance History: A Rollercoaster Year for Pi
Earlier this year, Pi Coin experienced a significant breakout, surging to $1.65 in Q2 of 2023 amid rumors of major exchange listings and rising adoption. Unfortunately, bearish momentum took hold by mid-year, resulting in declines to $0.40 in June and $0.1851 by September. Lacking institutional participation and retaining only mild retail interest, the momentum has largely fizzled out.
The persistent dominance of selling pressure has kept the price suppressed below critical Exponential Moving Averages (20-day and 50-day EMAs). This acted as dynamic resistance that limited any late bullish recovery attempts in October. Although the Pi Network retains its community-driven ethos, poor market performance and lack of network utility challenge its ability to thrive.
Future Outlook: Can Pi Coin Make a Comeback?
A realistic recovery scenario for Pi Coin hinges on two key factors: improvements in the network’s fundamentals and increased buyer demand. For the token to break free from its current doldrums, it must climb above resistance levels such as $0.40 and $0.45, paired with overcoming the EMA hurdles. Such progress could signal a change in the current trend, potentially positioning the token to retest $0.81 and, under strong bullish conditions, reach targets of $1.65 or higher.
Long-term projections suggest that with strategic developments, such as wider adoption and utility-driven programs, the price could rise significantly by 2028. Experts speculate Pi’s value may range between $3.50 and $13.75 by 2029, with possibilities of reaching a peak of $22.00 in 2030 under ideal conditions.
Crypto Analysis for Investors
If you’re considering a cryptocurrency investment portfolio, diversification is critical. While Pi Coin remains speculative, some investors are shifting focus to established tokens like Ethereum (ETH), which continues to innovate with its DeFi ecosystem. Read CoinPedia’s Ethereum price prediction to better understand how ETH could form a solid foundation for your crypto strategy.
Where to Trade or Use Pi Coin
Looking to trade or use your Pi Coins? Complete your KYC in the Pi Network app and migrate your Pi tokens to the Mainnet. Currently, Pi Coin is available on exchanges such as OKX, MEXC, Gate.io, and Flitpay. However, liquidity remains a concern, and its future performance will depend heavily on improved market conditions and utility integrations.
Conclusion: Pi Network’s Path Forward
While Pi Network attracted significant attention during its early days, maintaining relevance in today’s rapidly evolving crypto landscape will require more than just community hype. To avoid becoming another footnote in crypto history, the network must bolster its ecosystem with real-world utility, strong fundamentals, and broader market adoption. Until then, its price recovery and long-term success remain speculative at best.
